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measurements? can we compare national figures over time to determine if our economy is making progress? u.s. economic growth-- what is the gross national product? with economic analyst richard gill, we'll explore that question on this edition of economics usa. i'm david schoumacher. these computer tapes at the bureau of economic analysis in washington document 50 years of america's economic growth. they provide access to the accounting system known as gnp. when the united states faced its worst economic crisis, the great depression, no such measuring tool existed, until this report went to the senate. copies of national income, 1929-1932 are scarce today, but back in 1934, it was very popular. 4,500 copies were sold in 8 months. the report was made by a team from the department of commerce when congress demanded more information. what was the great depression costing the american economy? led in part by the auto industry, the economy grew rapidly in the 1920s, generating more jobs, more income, and more free time. as long as the factories were humming, there was little concern about how w
.s. economy has gone into reverse, shrinking 1%. it is the first contraction since the financial crisis started. >> congress was sworn to come to a deal. the row over the fiscal cliff hit business confidence. analysts on wall street were expecting growth of 1%. the symbolism is huge. >> when people see a negative number, you worry if the economy is going into recession. when people look at the details, they see that under the surface, this was not such a bad report. >> there was a cut in government spending, particularly in the sense. consumer, and hence -- there was a cut in government spending, particularly in defense. the fiscal cliff has not been sorted, only put off for a few weeks. there is no sign of a deal between republicans and democrats. >> we need to look seriously at what is done with the government directly and indirectly. we will see some real budget reform take place. we might have a better economy in the future. >> the u.s. has lost its triple aaa credit rating. spending cuts and tax rises in the coming weeks. analysts have said these discussions would have little impac
as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are another weapon in the country's never- ending fight against tax evasion. the so-called financial police is seeking to recover an estimated 150 billion euros, and it is coming down hard on the country's culture of tax evasion. >> we are conducting stringent checks on luxury vehicles. if the income tax returns filed by an owner indicates he could never afford such a vehicle, then we check up on the driver and his business and compare the data to see if it matches up. if it does not, we press charges. >> they show us video footage of controls at the swiss border. officers are seeking to prevent and declared in come from leaving italy. from headquarters in rome, authorities keep close watch on luxury yachts, monitoring vessels in the ports. they found numerous owners who have failed to pay taxes. >> the finance police check tax returns for offenses that need to be prosecuted. we take legal action against any instance of tax evasion and then cover falsified sta
been occupied by traders from far-off monte alban, an indication of a complex economy here. bill sanders. one of the aspects of culture that is extraordinarily variable is the economy. economy means the ownership of property and the production and distribution of goods. there are cultures and economies in which every nuclear family is self-sufficient. and then there are economies where there is considerable interdependence among the various households. one of the measures of economic complexity is just the amount of what we call division of labor -- occupational specialization. keach: archaeologists have recently discovered evidence of occupational specialization in teotihuacan, like the manufacture of clay figurines. figurines came in a variety of styles, many painted and highly detailed. thousands of these sculpted faces have been discovered. they were probably used in ritual. many are exactly the same, indicating they were mass produced in molds. across the atlantic is fez, morocco, a city that has changed little in a thousand years. here can be found an analogy for the econom
. what paths to power are opening up as nations gain and flustered the strength of their economies rather than military. -- gain influence and strength. this is influencing non-state actors like terrorist networks. >> the u.s. was engaged in two wars in iraq and afghanistan. the troops are out of by iraq and the afghanistan pullback has begun. she says if there is an obama- clinton doctrine, it is about building alliances and finding partners. >> we have to be smart about how we use our power. not because we have less of it. indeed, the might of our military, the size of our economy, the influence upon diplomacy remained unrivaled. it is because since, as the world has changed, so, too, have the levers of power to shape international affairs. >> an indication of where she will be focusing your efforts in 2016. >> if women and girls everywhere were treated as equals to man, we would see political and economic progress everywhere. >> thank you, secretary of state, for everything. >> she will think her staff and then hand over her office to john kerry. we will see it does it will mark a chan
the economy -- raul castro has taken steps to stabilize the economy. many cubans say political reform is badly needed. >> these are not democratic elections. for me, democracy is like when you go and vote for president like chavez. you have many political parties and you push for the change you want in the country. >> for now, the government insists that the one-party system will remain intact with the communist party alone responsible for guiding the politics. what impact the assembly will have in the years ahead is yet to be seen. >> the baltimore ravens have won the super bowl for the second championship title. ravens fans celebrated in baltimore into the early hours after their team beat this entrant cisco 49ers before-31 -- the san francisco 49ers 34-31. there was a power outage for about half an hour. the biggest game of the season was staged in new orleans in the saints -- same stadium which housed thousands seeking shelter from hurricane katrina in 2005. >> it was a game that came down to the last two minutes. ravens were walking away with the first half. then there was a half-time bre
governments s carver -- her government's carbon tax -- commodity prices have dipped. australia's economy has cooled. the opposition party says the government has lost control of australia's borders in the face of tens of thousands of asylum seekers. they will claim the government has mishandled relations with important neighbors. as of -- the suspension of live cattle exports to indonesia are thought to have caused offense. election is also likely to be personal in tone. late last year in a speech that went viral, the prime minister accused the opposition leader of sexism and misogyny, saying he treated her without respect because she was a woman. a few months ago, polls showed the labor government was deeply unpopular -- labour government was deeply unpopular. while the date is now known, the outcome is far from certain. >> the united eights is planning to expand its drone program to northwest africa -- the united states is planning to expand its drone program to northwest africa. the us will -- the aim is to gather intelligence against rebel groups in the region. this is where the rebel gr
organization predicted more than 50 million job losses in 2009. the global economy contracted 2.4% in 2009. the recession lasted 18 months, ending in june of 2009. the united states alone, the government spent $605 billion bailing out banks and industries. earlier we spoke to steve, a professor of economics and finance at the university of western sydney, author of the book "debunking economics." >> the entire structure of so- called verifying the authenticity of financial instruments is entirely structurally corrupt. a civil suit like this should only be the beginning. there should be people behind the jail for what happened this time around. literally, only burning made off has been -- bernie madoff has been jailed in the middle of this crisis. >> the shares of the parent company of standard and poor's, mcgraw hill, took a beating, dropping nearly 14%. moody's and dropped nearly 11 cents. the forced labor scandal in dublin, we have a long way to the report on alleged abuse and injustice. how are british scientists settling into their new home on an ice shelf in antarctica? ♪ >> hello,
the economy. he has also lifted bans on personal freedom like the right to travel abroad, but many cubans say political reform is badly needed. >> for mean democracy is like when you vote for a president like chavez. you will push for the change you want in the country. >> for now the government insists cuba's one-party system will remain intact with the communist party responsible for guiding society. what impact they will have in the years ahead has yet to be seen. >> of fire has burned through a slum in bangladesh. more than 500 people have been made homeless after the blaze. nobody was killed. the government announced it will carry out an investigation into how it started. muslims in pakistan's province say they are being hunted while authorities look the other way. last month more than 100 people were killed in a series of bombings. from the provincial capital we have this report. >> for these men there are no words, yet this community warns this time it is for a police officer shot for being a muslim. each of the men have been shot fo. in a community of 800,000, and there is a big figur
Search Results 0 to 8 of about 9

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